In todays’ real estate market, we have several forces contributing to inventory crunch.
- Builders margins are getting squeezed by rising material prices and labor costs.
- Many sellers are hesitant to list their homes because of a lack of selection on where to move next.
- Multi-family developers are still having a harder time getting financing for a condo rather than a rental building.
The current is keeping supply low and also keeping prices up for most areas. Multiple offer situations are not uncommon.
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